Business Software

Business software provider NetSuite and the Institute of Management Accountants (IMA) have announced a partnership aimed at helping finance executives succeed in adopting cloud software technology.

As part of the “Transformational CFO” educational series via live seminars, webinars, white papers and published research, IMA and NetSuite (News - Alert) plan to explore this and other related topics. NetSuite officials said that Transformational CFO program is now available to all IMA members.

This month, the first online webinar, titled “Financial Executive Panel: What the Cloud Means to The Finance Organization,” is expected to be held. The panel comprises of three CFOs -- David Bosher, SVP and CFO at SnagAJob.com; Michael Metz, CFO at Lexi-Comp; Will Gregerson, CFO at Schaeffer Manufacturing Company.

Company officials said these CFOs will share their first-hand experience and best practice in moving from pre-Web client server technologies to new cloud-based business management software suites.

"Using technology to enable business success is very important to accountants and financial professionals on the CFO team, especially in these turbulent economic times,” said Jeff Thomson (News - Alert), president and CEO at IMA.

Thomson believes that this new partnership will support their members with tools, strategies and educational opportunities as they enhance their business processes. 

The combination of NetSuite’s delivery of cloud computing financials and ERP software suites, IMA’s experience in meeting the needs of finance professionals, and the Transformational CFO educational series will help IMA members identify gaps in their finance organization. In addition, the combination will also help them to target growth opportunities, and understand how cloud computing enables powerful process changes.

Ron Gill, CFO at NetSuite said that NetSuite understands that finance teams are playing a more strategic role in helping to lead their respective organizations on all fronts. “We recognize that IMA is dedicated to advancing the knowledge and credentials of their corporate finance and accounting members to lead and succeed in today’s business environment.”

Gill said that their membership is “uniquely” positioned to have significant impact in the transformation of finance departments in companies of all sizes and sectors.

In July, NetSuite introduced NetSuite OpenAir, a professional services automation and services resource planning software for the UK and European marketplace.